(MREO) Mereo Biopharma complete technical analysis [charts+indicators] | Buy/Sell Mereo Biopharma | (MREO) share price targets
Complete technical analysis of Mereo Biopharma (MREO) by charts plus indicators, forecast predictions and share price targets for Mereo Biopharma (MREO)
Mereo Biopharma trades in USA in N A sector.
Showing technical analysis as on 2024-05-23 View latest technical analysis
10 day averaged volume of Mereo Biopharma is 555903
| Date | Daily Closing Price | Open | High | Low | Volume |
| 23 Thu May 2024 | 2.93 | 3.00 | 3.12 | 2.90 | 1.192 times |
| 22 Wed May 2024 | 2.99 | 3.03 | 3.03 | 2.88 | 0.913 times |
| 21 Tue May 2024 | 3.04 | 3.25 | 3.32 | 3.02 | 0.911 times |
| 20 Mon May 2024 | 3.26 | 3.20 | 3.34 | 3.13 | 0.799 times |
| 17 Fri May 2024 | 3.20 | 3.27 | 3.27 | 3.09 | 0.79 times |
| 16 Thu May 2024 | 3.27 | 3.15 | 3.35 | 3.15 | 1.367 times |
| 15 Wed May 2024 | 3.17 | 2.99 | 3.17 | 2.98 | 0.984 times |
| 14 Tue May 2024 | 2.96 | 3.00 | 3.06 | 2.93 | 0.961 times |
| 13 Mon May 2024 | 2.97 | 3.04 | 3.14 | 2.97 | 0.852 times |
| 10 Fri May 2024 | 3.03 | 3.25 | 3.33 | 3.03 | 1.525 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 2.9 as stoploss in an intra day buy trade for a target of 3.07. However, stock will show a bearish move below 2.9.
Share price targets for Mereo Biopharma (MREO)
| Target Type | Value |
| Downside Target | 2.23 |
| Downside Target | 2.53 |
| Downside Target | 2.62 |
| Downside Target | 2.86 |
| Upside Target | 3.33 |
| Upside Target | 3.35 |
| Upside Target | 3.43 |
| Upside Target | 3.48 |
| Upside Target | 4.07 |
| Upside Target | 4.18 |
| Upside Target | 4.36 |
Intraday share price targets for Mereo Biopharma (MREO)
| Target Type | Value |
| Downside Intraday Target | 2.76 |
| Downside Intraday Target | 2.59 |
| Upside Intraday Target | 3.22 |
| Upside Intraday Target | 3.51 |
| Upside Intraday Target | 3.05 |
Weekly technical analysis of Mereo Biopharma (MREO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 23 Thu May 2024 | 2.93 | 3.20 | 3.34 | 2.88 | 0.77 times |
| 17 Fri May 2024 | 3.20 | 3.04 | 3.35 | 2.93 | 0.807 times |
| 10 Fri May 2024 | 3.03 | 3.30 | 3.33 | 2.92 | 0.637 times |
| 03 Fri May 2024 | 3.26 | 2.75 | 3.35 | 2.67 | 1.277 times |
| 26 Fri Apr 2024 | 2.74 | 2.73 | 2.89 | 2.62 | 1.006 times |
Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Mereo Biopharma (MREO)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 23 Thu May 2024 | 2.93 | 3.06 | 3.35 | 2.88 | 0.583 times |
| 30 Tue Apr 2024 | 3.05 | 3.35 | 3.48 | 2.53 | 0.765 times |
| 28 Thu Mar 2024 | 3.30 | 3.79 | 4.07 | 2.86 | 0.795 times |
| 29 Thu Feb 2024 | 3.80 | 3.80 | 4.36 | 3.43 | 0.61 times |
Scroll below to view daily charts
Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Mereo Biopharma (MREO)
Price action analysis of Mereo Biopharma ( (MREO) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Mereo Biopharma ( (MREO) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Mereo Biopharma ( (MREO) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.
Price action analysis of Mereo Biopharma ( (MREO) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Mereo Biopharma stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Mereo Biopharma in short term and the sell signal is strong.
Mereo Biopharma Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a buy signal for Mereo Biopharma in short term but BUY signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Mereo Biopharma is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 3.08 and Mereo Biopharma (MREO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Mereo Biopharma (MREO) stock. Volume based technical analysis of Mereo Biopharma (MREO) stock is negative.
Mereo Biopharma Stock has given negative returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Mereo Biopharma ( (MREO) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Mereo Biopharma ( (MREO) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Mereo Biopharma ( (MREO) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.
Price action analysis of Mereo Biopharma ( (MREO) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Mereo Biopharma stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Mereo Biopharma in short term and the sell signal is strong.
Mereo Biopharma Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a buy signal for Mereo Biopharma in short term but BUY signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Mereo Biopharma is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 3.08 and Mereo Biopharma (MREO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Mereo Biopharma (MREO) stock. Volume based technical analysis of Mereo Biopharma (MREO) stock is negative.
Mereo Biopharma Stock has given negative returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.